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President of the International Monetary Fund Kristalina Georgieva leaves the Economy Ministry after a meeting with Argentina Economy Minister Luis Caputo in Buenos Aires, Argentina, Monday, July 27, 2026. (AP Photo/Gustavo Garello)

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President of the International Monetary Fund Kristalina Georgieva waves as she leaves the Economy Ministry after a meeting with Argentina Economy Minister Luis Caputo, left, in Buenos Aires, Argentina, Monday, July 27, 2026. (AP Photo/Gustavo Garello)

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President of the International Monetary Fund Kristalina Georgieva, right, and Argentina Economy Minister Luis Caputo pose for a photo as they arrive at the Economy Ministry for a meeting in Buenos Aires, Argentina, Monday, July 27, 2026. (AP Photo/Gustavo Garello)

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President of the International Monetary Fund Kristalina Georgieva, right, and Argentina Economy Minister Luis Caputo arrive at the Economy Ministry for a meeting in Buenos Aires, Argentina, Monday, July 27, 2026. (AP Photo/Gustavo Garello)

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President of the International Monetary Fund Kristalina Georgieva, right, and Argentina Economy Minister Luis Caputo arrive at the Economy Ministry for a meeting in Buenos Aires, Argentina, Monday, July 27, 2026. (AP Photo/Gustavo Garello)

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FILE - A train arrives at a Wall Street subway station in New York's Financial District on Nov. 5, 2024. (AP Photo/Peter Morgan, File)

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Philippine President Ferdinand Marcos Jr. has denounced China in a veiled rebuke in his state of the nation speech. He vowed on Monday that his government will defend a 2016 arbitration ruling that invalidated Beijing’s expansive claims in the disputed South China Sea, and said that Filipinos “do not yield” to conquerors. On domestic issues, Marcos disclosed that a special anti-graft prosecutor would soon file charges against former House of Representatives Speaker Martin Romualdez, who has been implicated in a corruption scandal that the president exposed in his state of the nation speech last year. He did not identify Romualdez, his cousin, but was obviously referring to him.

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The U.S. military has announced it conducted a 13th night of strikes against Iran as clashes escalate over shipping routes. U.S. Central Command once again said Thursday the strikes were designed to “further degrade Iran’s ability to threaten civilian mariners and commercial vessels transiting regional waters” as the U.S. pushes to regain control over the Strait of Hormuz and restore the flow of international shipping. Earlier Yemen’s Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea, potentially widening the Iran war as international oil topped $100 a barrel.